Multi - Unit Hardware Co - 2020 Sales Up 20% - SOLD

Multi - Unit Hardware Co - 2020 Sales Up 20% - SOLD Location: Greater Cincinnati
Listing Number: 20del

Financial Information

Asking Price: $1,560,000
Gross Revenues: $5,800,000
Cash Flow: $687,000
Real Estate: Leased locations

Business Description

The retirement aged owner of these independent stores has done a wonderful job of hiring excellent employees, organizing and merchandising the products and services, and increasing the bottom - line profits.  These are not mom and pop stores, but exceptionally operated companies who have continued to grow in sales and profits each year.  While the big box stores are huge and impersonal, these stores have remained small and very personal with knowledgeable associates and the entrepreneurial spirit of its owners.  The business is offered as an asset purchase, free and clear of debt.  The owner will train in all aspects of the business and will be available to ensure a smooth transition.  Highlights include:

SBA loan qualified

Pandemic resistant

Brand name products

Growing sales and profits

Price includes all equipment

Computerized operation with POS system in place

Commercial accounts along with steady retail traffic

Clean books and records – all numbers are verifiable

Long established management and employees in place

2019 sales were $5,800,000 with owner earnings of $687,000